Starknet's Airdrop and Further Tokenomics States
Hi friends,
First of all so sorry to be late that I publish my new article because of some medical problems. Let's restart !
Today , I want to share my opinions about Starknet's airdrop and further tokenomics states.
Starknet Tokenomics and Action Plan
Starknet's mishandling of the airdrop distribution has sparked considerable backlash. While this issue has garnered significant attention, I aim to delve into a different matter.
Tokenomics
Upon examining the token unlocking schedule, it becomes apparent that significant unlocks are scheduled in 2 months (for both the team and investors), potentially releasing $STRK worth 2-3 billion dollars.
Typically, in projects of this nature, tokens allocated to the team and investors remain locked for the first year, gradually unlocking thereafter. However, this early unlocking plan seems designed almost as if to encourage rapid token dumping by the team and investors. Starknet has devised a token release plan that is highly unfavorable for users and small-scale investors.
Additionally, observing the graphic below, we see that reserves + early participants + treasury + investors + team collectively hold 67% of the tokens. Thus, the team and investors have centralized the project to a significant degree.
Upon reviewing reports from Token Unlocks and tokenomics trends, it is evident that Starknet's current ratio of 67% should ideally be within the range of 45-55%.
So, what can we do?
While it is a commendable project technologically, it seems prudent to refrain from engaging with STRK for the first 3 months due to this selling pressure.
I do not feel the same sense of decentralization and investor protection for Celestia and Dymension as I do for Starknet. However, it is essential not to lose faith in ecosystem projects.
I received a small airdrop and am considering selling most of it to pursue new opportunities within the ecosystem. Even if I hadn't received the airdrop, I would still strive to be involved in the ecosystem.
ZK technology is expected to become increasingly prominent within the next 1-2 years. The closer we are to projects and ecosystems, the clearer we can see the opportunities ahead.
Lastly, I can dare to say that, all of these things I mentioned above are only my opinions. As you know, YTD. ! Always DYOR ! :)
Cheers,
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